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The Richardson City Council on Monday unanimously approved the 2013-2014 Fiscal Year Budget.

The budget for the 2013-2014 fiscal year is $207,421,545, which represents an increase of $4,447,781, or 2.2 percent, from the 2012-2013 estimated expenditures of $202,973,764.

“We continue to see a strengthening economy in our community, and particularly with our commercial properties throughout the city,” said Richardson City Manager Dan Johnson. “This budget builds on our prior level of maintenance allocation, with stronger investments in infrastructure maintenance for this next year. Reflecting the City Council’s goal for an active focus on maintenance, the aggregate funding for infrastructure maintenance is increased by 76 percent. The specific allocation for road improvements funded from the dedicated property tax allocation has been increased from 1 penny of the tax rate to 1.75 pennies.”